Wood Preservative Chemicals Market: Global Industry Analysis and Forecast- 2023

Some of the drivers behind the growing demand of global wood preservation chemical market include bounce back in residential construction activity, which in turn profits the several applications where wood preservatives are utilized, such as furniture, decking, and siding. Further advances are expected to be limited by the increasing utilization of non-wood materials in several key applications.

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Construction industry has been growing significantly over the globe, and acts as one of the important factors for driving the growth of the wood preservation chemicals market during the recent couple of years. In addition, the U.S. construction market has further supported the wood preservation chemicals market.

Based on product type, the global wood preservation chemicals market is segmented into oil-borne preservatives, light organic solvent preservatives, water-borne preservatives and others. In terms of production, the water-borne preservatives accounted for around 65% share of the global wood preservation chemicals market in 2014.

Based on end-use industry, the global wood preservation chemicals market is segmented into construction, marine, furniture and decking, and others. The major end-use industries of wood preservation chemicals are construction and furniture, and decking.

Geographically, Asia-Pacific is the largest market for wood preservation chemicals followed by North America and Europe. During the forecast period, the Asia-Pacific wood preservation chemicals market is expected to grow at the fastest rate, owing to increased industrial and construction activities in the region.

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Some of the major competitors in the global wood preservation chemicals market include KMG Chemicals, Kop-Coat Inc., RÜTGERS Group, Koppers Holdings Inc., Janssen Preservation & Material Protection, Viance LLC, LANXESS AG, Rio Tinto Minerals, Lonza Group Ltd., and BASF Wolman GmbH.

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